The round of meetings between the Ministry of Finance and representatives of the official and opposition political parties continues with the aim of reaching agreements on the fiscal pact promoted by the Government.
Last Thursday, the Government proposed increasing the personal tax rate from 13.5% to 16% from the fourth tranche, which ranges from $3.2 million to $4.5 million per month (monthly taxable income of 50 to 70 UTA), with a maximum effective rate of 7.8%.
The above would imply expanding the group affected by the payment of taxes, incorporating an additional bracket to those that were considered in the proposal that the Executive had made, that is, it went from the four highest brackets to the five with the highest income of the Single Tax. Second Category and the Complementary Global Tax.
The initial proposal proposed raising marginal rates from 23% to 26% from the monthly taxable income bracket of between 70 and 90 UTA (fifth bracket), which in pesos ranges between $4.5 million and $5.8 million per month. , so the effective rate would be equivalent to 11.3% of monthly income. The new proposal only changes the effective rate, which indicates that it would be 11.8%.
The above would imply that people earning from $3,200,000 would be affected, which would affect almost 200,000 additional people. Now there would be around 450,000 people whose personal taxes would be increasing and would only be able to have some deduction to the extent that they have care or rental expenses.
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